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a united states of europe? is this just a customs union? it's not so dissimilar to the formation of the united states, but the idea was let's not try to reach agreement on the end result because there is no consensus. let's take it one step at a time and develop the institutions as the problems come up. what was not foreseen as the context in which huge decisions would have to be taken emanating from the united states. the pressures are far greater than anticipated and they're being forced into making big decisions. we're going to find out if they're willing to make the sacrifices necessary to sustain it. yesterday, the peterson institute presented an interesting study whether there debt was sustainable. under most circumstances, the answer is yes. it seems surprising if the project would be abandoned in that context. >> next week, we have an interesting meeting for the fed. one friend of mine says the variants and potential outcomes is higher than most would remember. tell us how you think about the debate on an unconventional policy following the speech. >> i think there is one
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